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The Economic Times

Personal Finance / The Economic Times

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RERA relief: Interest for delayed flats can be recovered as land revenue arrears

Homebuyers can now recover interest for delayed property possession from builders as Arrears of Land Revenue under RERA. This classification, upheld by Punjab RERA and the Supreme Court, allows recovery through the state's revenue machinery, bypassing lengthy civil court processes. Builders face stringent recovery actions, including asset attachment and potential arrest, for non-compliance.

20 Mar 2026 11:18 am